Gordon B. Cologne - Page 3




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               after reaching the age of 70, and anticipates receiving                
               no earned income after that date.                                      
                    *      *      *      *      *      *      *                       
                           DIVISION OF COMMUNITY PROPERTY                             
                    *      *      *      *      *      *      *                       
                    12.  The real property commonly known as * * *                    
               Rancho Santa Fe, California, shall be disposed of                      
               according to the following terms:                                      
                    A.   The residence shall be listed for sale * * *                 
               on or before February 1, 1994.  * * *  The residence                   
               shall remain listed until sold.  * * *                                 
                     *      *      *      *      *      *      *                      
                    C.   Wife may have the use and possession of the                  
               residence on the condition that she maintain the                       
               residence and yard in satisfactory condition, normal                   
               wear and tear excepted.  Husband shall have the right                  
               to occupy the residence for principal residential use                  
               purposes including sleeping, cooking and eating and                    
               attending to his personal hygiene needs.  In case of                   
               any dispute, Wife shall have the first right to occupy                 
               the premises.  Husband shall also have the right to                    
               store any items of personal property awarded to him in                 
               the premises until the sale is consummated.                            
                    *      *      *      *      *      *      *                       
                    E.   Until the sale of the residence is                           
               consummated or until September 1, 1994, whichever first                
               occurs, Husband shall pay on a current basis, without                  
               the right to reimbursement, real property taxes,                       
               principal and interest payments on the notes secured by                
               deeds of trust on the residence and fire and liability                 
               insurance for the residence.  In addition, Husband                     
               shall pay on a current basis all charges for trash                     
               pickup, the water bill, and the gardener for one day a                 
               week, and pool maintenance.  If the house is not sold                  
               by September 1, 1994, and the Wife continues to reside                 
               in the house, the Wife shall pay all the aforesaid                     
               taxes, principal and interest on the notes, insurance                  
               and maintenance costs as and for reasonable rental for                 
               such use or the actual fair rental value, whichever is                 




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